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    The Anita Posch Show: A Bitcoin only podcast

    Interviews with the builders of Bitcoin. Empower yourself and (l)earn Bitcoin.

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    Latest Episodes:
    Part 6: The Future of Bitcoin Is Big in Africa - With Alakanani Itireleng Apr 23, 2020
    Show notes

    In this episode I talk with Alakanani Itireleng, who founded the Satoshicentre in Botswana in 2014 and single-handedly built a growing Bitcoin community. She is the heart and center of Bitcoin education there, even the government is relying on her consultancy. We recorded this interview in February 2020, only days before the Covid-19 lockdowns went into effect. Her greatest ambition, the organization of a Bitcoin conference in Southern Africa will not come true soon. If you like to support her work and the Satoshicentre – please do so, you can find her on Twitter.If you have a question, feel free to scroll down, press the appropriate button and record your question. “Bitcoin is for everyone, Bitcoin is the currency of love.” – Alakanani Itireleng “Bitcoin is allowing me to use and receive money from anyone and to send it to anyone around the world without discriminating. That’s the most excellent thing about Bitcoin. It’s money for everyone, regardless of where you are coming from, your race or creed or whatever. So it’s the best.” – Alakanani Itireleng We talk about: How her sons illness and death lead to the first meetup The internet as “white people’s problem” The high unemployment rate in Botswana The cost of internet connections Ponzi schemes and how they are disturbing bitcoin adoption Bitcoin usecases and regulation in Botswana Exchanging the local currency Pula to Bitcoin African countries on the forefront of adoption Her opinion about Libra and Lightning Mobile Money in Botswana The Future of Bitcoin in Botswana This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network. This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let’s Talk Bitcoin Network. Sponsors Widget not in any sidebarsSupporters TRANSCRIPT Anita PoschHello, Alakanani. I’m happy that I’m here. Finally, I found my way from Europe to Botswana. Thanks for the invitation, we are just setting up a Bitcoin and Lightning node. How and when did you find out about Bitcoin? Alakanani ItirelengOkay, Um, my journey with Bitcoin started in 2012, on the personal level when I started trying to find ways in which I can, like, make money online to help my son.That’s my son, right on the wall. Yeah, he was, he was sick and was having ah, hypertrophic obstructive cardiomyopathy, which is, like a heart disease kind of.So he got, like, really, really sick, and he was having an issue with the lungs and all that. So I wanted to find ways in which I can, like, work and get extra money, totake him out of Botswana to get medical help. So that’s when I came across this Bitcoin thing in 2012.And that was, like, early 2012 maybe January or so, because I know a few months back a few months later, my son passed away.So and, uh, then I stopped doing Bitcoin. Anita PoschYou had enough stress and yeah. Alakanani ItirelengYeah, I had enough stress and stuff. So I paused the Bitcoin thing.And then in 2013 I was like, you know, there’s something about that thing that I learned, so I should, like, go back to it and study, it a little bit more. See how I can help other people.At that moment, the idea was to set up a nonprofit to help kids who were like my kid, so I went back, and started doing a lot of reading. I wasn’t, like, very, very good at understanding what it was.But I have a drive to set up a community. So I remember I had, like, 10 friends or so and I called a Meetup my first, Bitcoin Meetup in 2013. Anita PoschWow. In 2013, cool. Alakanani ItirelengYeah, so then I called my friends and I told them the little knowledge that I had about Bitcoin and I told them the possibilities in Bitcoin about you making your own money and stuff and how it would have been better than the Pula. You know, it was all about that. Anita PoschDid people here understand it? And follow your path from the beginning on did they say I don’t understand it? Alakanani ItirelengYou know, a lot of people have got issues with anything that has to do with the Internet.You know, a lot of people have got issues, you know, anything that has to do with the Internet is a scam, or it’s there to steal their money. Or it’s white people’s problem. Anita PoschWhite people’s problem. Okay. Anything with the internet? Alakanani ItirelengYeah, yeah, they always have. A lot of people have that mentality.We say ……… meaning it’s a white people’s issues, kind off, it’s white peoples thing.Yeah, you know, in the beginning people had that kind of thing. When using the Internet……….., things for the white people.So when you introduce something like Bitcoin, so it was kind of difficult in the beginning.People do not understand what I was on about. How can there be money that can be on the Internet and stuff like.They’re used to paper money and all that. So I have, like, do a lot of reading and in the beginning it was so tough I didn’t have all the answers, though I must say I have not all the answers now, but I’m better.So at that moment I didn’t have, like, all the answers, like lot of answers.So I had to go through a lot of reading so that I can empower the people that are following me. So that’s how it started. Anita PoschCan we get a little back to the general situation here in Botswana?I’ve been to Zimbabwe in the last 2.5 weeks.And the situation there is really, really bad with the economic situation And people are lining in for petrol for hours for nights they are waiting for the fuel and then they don’t get it maybe.People have nothing to eat, No work. How is the situation in Botswana? Alakanani ItirelengI won’t say we are bad, bad. No. People can still go to the bank and get money. People can still get petrol.The only thing is now unemployment rate is high. I think it has doubled to 18.97% around 20% and it’s growing. It’s growing like, you know.Ah, that is like the statistics for 2019 I think, and a lot of graduates who are graduating every year from the universities. So it keeps on piling adding cause we have got universities and colleges. We’ve got all that way. Students are graduating every year. Anita PoschIs this a free education here? Alakanani ItirelengSo you get kind of. It’s kind of a student loan or kind of you create a loan or a grant. The government pays for you and then when you’re done with school and you’re like pay back the money if you don’t have a job, then you don’t pay. Nobody has been arrested yet.Yeah, so that kind of situation is the issue of jobs, you know, like there’s so many so many people were, um, industry with no jobs.I remember. I think it was 2019, if it’s not 2018 when some graduates, you know, went on a peaceful demonstration or whatever they called a riot or whatever then, because they were beaten for that. So they were beaten by the police, they were not allowed to demonstrate.So you could see it’s because people were crying like we have graduated. Where we go from here. Sorbet.So there are no jobs.Yeah, that’s the big thing. That was the big challenge we are having right now, in Botswana, every year we’re piling maybe 5000 or more or graduates on the IT field, for example, like 5000 or more.But think off others also, we were not IT. How many do we have every year who are graduating and no jobs? Anita PoschCan you get anything in the supermarkets? And then the other question is, can people afford it? Alakanani ItirelengYeah. I mean, like, we’ve got shops off different standards.Yeah, we were, like, expensive shops, like Woolworths. You know who the Whos and whos will go there going buy stuff. And then we have got, you know, middle class kind of shops, and then we have got, like low class kind of shops. Anita PoschBut are there many people that are suffering from hunger? Like in Zimbabwe, I think. Alakanani ItirelengYeah, definitely there are. That’s why we have, like, social workers.So what happens is we have got kind of poverty eradication schemes and the staff, like for example, if there’s offen there is given a card, there’s a card,which you can use they put money in it, and then they can like $80 all $90 or so.So then they can go and get food, even though there is also a destitute program kind of. Yeah, they can register as destitutes and the government can give them money on a monthly basis for basics. Anita PoschAnd do you think that the pessimism against the Internet or that you could earn money over the Internet, is this going away? Or is this I mean, with the young people coming out off university? Alakanani ItirelengYeah, young people are changing the whole dynamics, that is changing the whole culture. They are not stubborn.They’re open to possibilities and different cultures, different opinions.They’re not like our parents who were like, don’t do this. You don’t go there. You don’t go there. So nowadays, in towns, for example, that’s where we have a lot of young people in towns.So that’s where you see that. Dynamics have changed with people using so many smartphones laptops, you know. Anita PoschHow good is the Internet connection here? And how much do you have to pay for it? Alakanani ItirelengI think my Internet is not that good, ah, compared to like when I was in Kenya I could see how quick it was when I was in South Africa it’s quick, but I hear it’s expensive, so here I think the Internet is not that good, like the one that I’m using. It’s not that good. And also I’ll think it’s expensive. Anita PoschHow much do you pay for a month? Alakanani ItirelengMine is like 2 MB. But it’s never 2 MB bandwith. It’s always one point something.So I pay, yeah it’s very slow. So I pay like 40 dollars. Anita Posch40 USD? Alakanani ItirelengYeah, a month it’s unlimited, but very slow. It’s expensive.Yeah, so if you need a good, good one, you’ll have to pay, like $150 dollars. Anita PoschAnd on the smartphone? Do you also have these social media bundles? Alakanani ItirelengYes, we do have, they may have WhatsApp or Facebook bundles. It is called social media bundles, and then they can have the full one.So, for example, with the network that I’m using called Orange, they’ll give you for a day, one day Internet. Also, you will pay like a dollar for a day or so, and then after a day it expires. Anita PoschHow could people use Bitcoin here when the Internet connections are so expensive? Do you have an idea? Alakanani ItirelengIf, for example, they can use their Internet that they’re using the small internet they’re using to earn bitcoin, for example, then they can be able to pay for the Internet and then use bitcoin. People still pay, even if it’s expensive.They paid to download movies to stream videos, which actually is not giving them any money. It’s making them to lose more money.So if for to use my Internet, my data, why not use it to earn bitcoin so that I can pay for my data and earn more bitcoin. Anita PoschSo what are the properties about Bitcoin that interests you the most? Alakanani ItirelengI mean, like, it’s easy to send money to receive money from anywhere. No restrictions like PayPal have restrictions for other countries.I think Nigerians are not using PayPal, so Bitcoin allows me to use and receive money from anyone and send it to anyone around the world without discriminating.So that’s the most excellent thing about Bitcoin. So it’s for everyone.It’s money for everyone, regardless of where you come from, your race or creed or whatever, so it’s like, yeah it is the best. Anita PoschAnd do you think that the people here can connect with it and realize that, or do they still think it’s, ah, white Internet? Alakanani ItirelengNo, no, no. I think now as young people, especially are like into it some for whatever reasons like, for example, some. They’re doing it because they join some scheme. Whatever somebody has promised them, we can make money very quick.If you put $10 today, tomorrow you will have $20,000 they believe, and some they’re using it for that.But young people are like, really embracing them. Like I believe when you come to my meet up tomorrow, you’re gonna see a lot of young people.They’re the ones who are like they like a lot of them. Were like theySo we’re like they’re into the Internet there into trying to find ways to make money. Because they are unemployed?It’s painful to be unemployed. That’s what you know. You will see. Like a lot of young people, embracing the Internet. It is no longer, it is not a white people thing.Now they are also the government is trying, for example, to introduce computers in primary school level.So we see the introduction of computers slowly, slowly by giving I students tablets.Eventually people will understand we’ll know the generation that is coming is gonna be better than the one that is before us. Yeah. Anita PoschYou just mentioned the government. How is regulation here with Bitcoin? Alakanani ItirelengQuiet. Nothing. Last year in November, we were called to like some kind of consultative meeting? So we went there as Satoshicentre.And they were asking us a lot of questions, so we told them. They said, no. We want to know what is happening so that if there is anything that we need to know, like told, tell us what is happening.So for me, I think the way like they are open even though that’s the like not yet there.But they’re open for discussions. So I think if there is, it’s just up to us to like, make sure that we we keep on showing them what is happening and in Bitcoin and what not.You can even see there’s a Bitcoin ATM in Gaborone at airport junction.Yeah, there’s a Bitcoin ATM. So it’s there. It’s been used. Yeah, as long as you just go and declare what you’re doing.I think that’s why they want you to declare what you are doing and think, even even when it comes to the issues off tax, you can still pay your taxes. Anita PoschI mean, you only have to cash out in Pula then and pay the taxes. Alakanani ItirelengThen you pay the taxes. Yeah. So I think I think they’re open for that. They have not been like shown any resistance for us, they are only against the Ponzi schemes. Anita PoschYeah, because I think the Golix exchange in Zimbabwe has been shut down. Maybe because of the many Ponzi schemes and and MLM things because people were ripped off their Bitcoin and they bought Bitcoin on Golix. So was that the reason? Do you know something? Alakanani ItirelengI don’t really know what was the issue with Golix, because it was one of the best exchanges in Zimbabwe I even went there. I saw their Bitcoin ATM. It was a beautiful Bitcoin ATM and they were doing good.So I don’t know, maybe it’s because people now they don’t know how to differentiate between what Bitcoin is and what Ponzi schemes are. Somebody calls and says, “Hey, I want to join Bitcoin.”You can see even the way they say, … Anita PoschJoin Bitcoin! Alakanani ItirelengThen you see, people are still confused. They don’t know, is Bitcoin something that you can join? How can I say, I want to join Dollar. Anita PoschYeah. Thank you. What do you think ar…

    Full show notes at the publisher

    Part 5: Afriblocks, Lightning Network, COVID-19 & Answering Questions - Bitcoin in Africa - The Ubuntu Way Apr 16, 2020
    Show notes

    In this episode you will get to know a young man from Zimbabwe, Tongayi Choto, who is a software developer, entrepreneur and a bitcoin maximalist. He has founded Afriblocks, a Global Pan-African Freelance platform that connects professionals across the world. We talk about the problems young Zimbabweans are facing and his approach to make lives better. In the second part of this episode, I will answer listeners questions about the current use of bitcoin and other methods of payment in Zimbabwe. If you have a question, feel free to scroll down, press the appropriate button and record your question. We talk about: Africa: high potential, but not enough opportunities Pan-African Freelance network Payments in cryptocurrencies The use of smart contracts for releasing funds Scams like MMM, Onecoin, bitclub The Volatility of bitcoin being a huge problem for poor people The impact of the Lightning Network in Africa Internet bundles After the interview I answer these questions from my listeners: What is preventing widespread usage of bitcoin? Tech? Awareness? Laws? Working, cheap alternatives (Ecocash)? Fees? Are there bitcoin OGs in the community and if so are they still actively supporting the newcomers? Not sure if M-Pesa is available in Zimbabwe/Botswana. But if so, why would anybody use Bitcoin instead of already available digital payment solutions such as M-Pesa? Did you hear anything about http://beforward.jp and Bitcoin? I am interested how well people understand, if their own governments money is good money for them (in terms of purchasing power, inflation etc). What share of people in your impression are asking themselves this question in these countries? Are Zimbabweans living overseas using bitcoin for remittances? If so, how does this channel work? How do bitcoin remittances compare to alternatives like Western Union? Image: Martina Gruber This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network. This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let’s Talk Bitcoin Network. Sponsors Widget not in any sidebarsSupporters TRANSCRIPTAnita PoschHello Tongayi! Tongayi ChotoHello Anita, and thank you for having me. Anita PoschYeah, thanks for taking the time to do this interview with me. At first, please introduce yourself to our listeners. Who are you? What are you doing? What’s your education? Tongayi ChotoOkay, well my name is Tongayi Choto. I am from Zimbabwe. That’s where I am right now in Harare. I’m a software developer and an entrepreneur. I graduated 2015 from the University of Zimbabwe, and I was doing computer science and maths. So since then that’s when I just found a found out about blockchain, Bitcoin and cryptocurrencies. And I was in a stage where I was trying to figure out what do I do next with my career with my education then I found out about Bitcoin and it just made sense for me to work, to use this technology. It was so amazing. I remember that night I didn’t go to bed and read and read and read and it was so amazing to me. And since then, that’s the space I’ve been working developing different projects, different use cases for cryptocurrency. So right now, my latest startup is called Afriblocks. Afriblocks is a global pan African freelance network. And it’s one of the projects that I’m doing to try to use technology, emerging technologies to use blockchain and cryptocurrency to solve problems that we see every single day. Anita PoschOkay, let’s talk about these problems you see every day. Can you tell us a little bit about it? And how could blockchain or Bitcoin and other cryptocurrencies solve that? Tongayi ChotoI would like to talk about the problem that I’m trying to solve at the moment. In Zimbabwe, basically, we have a population of about 16 million people and in Africa is all about 1.3 billion people. And from that 1.3 billion about 60% is under the age of 25. And Africa is seen as the youngest continent in the world. When I look at this, I see so much potential that is not being given enough opportunities, enough resources, enough jobs, because, for example, in Zimbabwe have about in 98, 95 to 98% literacy rate, and where people work hard with people who have skills, graphics designers, software developers, and all that, but we do not have enough opportunities and that the formal job, jobs are not available. So a lot of people are an unemployed formely. So I say to myself, why can we not create a global pan African freelance network, and that the goal of this platform is to, to, to firstly, we, we vet people, we look for freelancers, we read them, we train them, how to communicate internationally, meeting deadlines, all that. And we place them on our platform. The idea being if you Anita need a website done, we can get you someone to do it if you need graphics, design, all that we can give you people who can do that. And people actually paid for services. So we’re not saying just give us money for no reason at all. We’re seeing where people are qualified, skilled and talented. And all we need is these jobs or we need opportunities, and we get on with it. So yeah, that’s the major problem I was trying to solve because what it does, is it gives people jobs gives people foreign currency and if we look at the world right now, there are a lot of different platforms, freelance platforms. And if we look at the world like people are actually moving from day jobs, to actually working from home. I see I mean, we’re seeing right now it’s crazy, but the the Coronavirus has got all of us working from home. So I saw this as an opportunity to create a global platform for Africans for people who live and work outside Africa, the African diaspora, even African Americans, because most of our clients we’ve been having are out from America, they were saying, you know, this is amazing. We want to support this and we get the job done for them. So that’s, that’s the problem that I was trying to solve. And basically, because I’ve been in the cryptocurrency space, in the blockchain space, we are looking to use the blockchain as well. Things like smart contracts, payment systems to make this is true global success. Anita PoschSo you’ve built a marketplace in a way where people from abroad can work together with African freelancers. People who do like programming or writing or graphic design and is the connection to Bitcoin and cryptocurrencies, the one that people from abroad then can pay people in Africa with cryptocurrencies? Tongayi ChotoWhat was going on is we had issues with payments, because locally for example, in Zimbabwe and actually I checked Russia as well, a lot of countries that PayPal is not available in and most clients in the US would pay using PayPal. So it will bring a challenge for me to be able to pay people here on this site. Cryptocurrency is one of the ways that our clients would say I have cryptocurrency can I pay you using that. And because I’ve been in this place, I would say not. It’s okay. Since the money is on the US side, for example, and in Zimbabwe again, just to pay people in US dollars, because that’s what’s legal in Zimbabwe. We do not we, as a as a platform with we try to follow rules and regulations in each and every country. Because right now we have about seven countries, African countries, people raised as freelancers on our platform. So for example, in Namibia, or South Africa, Botswana, Uganda, we use the regulations that are stated in that country. So yeah, payments, were one of the things that we still are solving, to make sure that everything makes sense. Anita PoschYou started to talk about smart contracts before. What, in which context do smart contracts stand with Afriblocks. Tongayi ChotoWith Afriblocks, right now we did a pilot for a one year period to try to prove the business model like to see does this work and to try to identify issues that we might need to solve and all that. And one of the things – that’s the lowest hanging fruit everyone understands a freelancer, everyone understands a client in the job everyone is clear what they’re paying for and what they are being paid for. – the bigger vision that I have, the bigger vision that I have is to create to eventually start to decentralize bit by bit. This will take time because I’ve been in this space for a while. I don’t want to create hype. I want to build the product first, then start to add on components being Artificial intelligence to make this platform may work more efficiently. So smart contracts is something that I’ve been personally interested in. And if you look at it this model is a client, there’s a freelancer, they agree on the job that’s being done. They agree on the time is going to take, they agree on the payments that need to be made. So it’s one of the things that we’re looking into, not now. But we have an r&d research department that’s looking into it to see how can we integrate all these components to make the platform more efficient. And if it’s the contract that says the job is done, then the funds are released funds are in in escrow. First if the client is not happy funds may return to them. All of those issues by smart contracts do take time to make sure that you you have solved digital If he issue because, you know, once a contract is done, it’s done. Yeah. So those are some of the things that we’re thinking about. Anita PoschSo you’re basically in the research phase at the moment for these things. But clients could already engage freelancers to work with them. That’s a great opportunity for people and companies from abroad to, like support African entrepreneurs, Zimbabwean entrepreneurs to earn some money. What are the obstacles you see for cryptocurrencies like Bitcoin in Zimbabwe, because I have heard that the government has outlawed the use of Bitcoin. What’s your opinion on that? Tongayi ChotoI do understand how it happened. Because one of the things that people need to realize is, we are a country with actual rules and regulations. We have an RBZ just like the United States. They have the SEC, the Federal Reserve and all that. So for me what happened was there was this scam was going on are calling it triple M. And a lot of people are losing money. And of course when you lose money, that’s when you reach out to the regulator to say to the police, I’ve lost my money. So the regulator kept having these complaints, and also as Bitcoin was new at that time, right now it’s too new. It’s fairly new as a technology. It’s something that you really need to understand before you see everyone can use it. So as a regulator, in my opinion, I saw them as trying to protect people because I was, I’m a techie person. I know how Bitcoin works. I’m actually a software developer, I know how blockchain all that works. But for someone to just start to use it today, and mistakes to happen. Like for example, if you just lose your seed words, you lose all your money, and there’s the volatility issue. So those things are only because the technology is too young. And it needs to be learned, it needs to be developed in such a way that it becomes scalable. It becomes a technology that everyone can use without the worry of, of the fact that they don’t know. So one of the things that we are doing right now is we’re creating our recording a freelancer training series, which includes this content training people on how to use cryptocurrencies, besides them just learning how to become a freelancer and handle international jobs. We are working on a Hub here in Harare. It’s almost done. We are opening I think, if this after this COVID crisis if it goes away, we’ll be opening to teach people on how to use these technologies. Anita PoschWould you say maybe that, if people have enough education and so that they can decide for themselves or estimate, you know, like say, okay, now I understand that this Bitcoin, it’s unforgeable and it’s not a scheme and I can differentiate it from like triple M or Onecoin, that then it would be a good possibility for people in Zimbabwe and other countries to really own their, their money and it can’t be censored or taken away. Do you see that as a positive? Tongayi ChotoYeah, it’s definitely a positive. Like what I was seeing blockchain and cryptocurrencies, is they’ve gone through a bad phase. I remember there was the time with a lot of ICO’s there was a time there were a lot of Bitclub Bitcoin Club this then there was a time where people creating a lot of currencies. A lot of other currencies and people were trading, mining farms and people we were told to pay this and that so that you become part of the mining. So, then the volatility itself I mean, we’ve seen it go up to 20.000 to 18.000 or so then back down to three they now recently it’s going back up. So for someone who has say $100 a month, you cannot afford to place money in Bitcoin because you can wake up and do have lost 50% of its value. So that alone makes it difficult in the sense of Zimbabwe unless you’re able to say you receive it and it’s logged into USD and it’s logged into, into another currency. So there’s a learning curve. And I do think people need to learn about it to know exactly what’s going on if someone decides to use it. I mean, it’s all online,if you get the best wallets and if you understand that you need to keep your seed, does give a bit of a bit of freedom on your money, which is which is something that’s needed but they have to be aware of all the risks that are included in this is as regulators have seen about in January RBZ released a statement that they are learning about blockchain and want to see how they can use it? So, again, these are institutions, things take time, they don’t just move in, allow everyone to, to use something that they know will come back to them because now people are losing money which, which they do not have. So those are some of the issues that I think. And now a short word from my sponsors: Not your keys, not your coins – be the holder of your keys for your bitcoin. For that: Use a well-built hardware wallet like the BitBox02 by SHIFT Cryptosecurity from Switzerland. With their upcoming app for Android you can connect the hardware wallet directly with your phone and send and receive bitcoin on the go. Check it out at shiftcrypto.ch – that’s shift c r y p t o.ch. You get free shipping with the code “anita”. Anita PoschDo you think that the lightning network could be a solution in a way because then you could have smaller payments like micro payments, that also could be used by people who earn only like 10 USD or 20 USD per month? Tongayi ChotoLightning is really interesting. I experimented with a node here in Zimbabwe connected with one in Nigeria. The whole goal was to learn to see how lightning works, I think I was one of the first people use it like very early stages. In some of them, it was only $2. But it was lost in one of the hops. An…

    Full show notes at the publisher

    Part 4: If Bitcoin Works in Zimbabwe, It Works Everywhere - Bitcoin in Africa: The Ubuntu Way Apr 09, 2020
    Show notes

    The fourth part of the six-part series about Bitcoin in Africa is an interview with a young woman from Harare. She calls herself a Digipreneur and is working as a teacher, too. With her organization that is focused on the digitalization of Africa, she aims to bring Zimbabwe forward. As the use of Bitcoin is outlawed and the state of human rights and free speech is rather poor in Zimbabwe, we agreed to not mention her name. We are talking about: The opportunities for bitcoin adoption Shutdown of Golix, the only Zimbabwean crypto exchange The philosophy of Ubuntu and how it relates to bitcoin Hyper-inflation Future of Bitcoin in Africa How cryptocurrency feels like luxury in Zimbabwe How to design bitcoin for use in Africa Libra, a game changer Most used social media tools The need for even more accessibility and ease of use “If I have a Bitcoin, I can send money to my relatives, who are in Malawi or in Namibia or in Ghana. Currently I can’t with our own currency. I can’t send money out freely and quickly, but if we can sit down as a community and say okay, we need to buy a new borehole and we can do that just by using our phone. That’s an amazing thing. You know, if we look at it from a place of development, if you look at it from a place of helping the community and taking care of each other, if it allows us to take care of each other without having to create so many barriers and so much red tape to get stuff done with money, I feel like when you change that narrative, you speak to something very deep within an African.” – Teacher and Digipreneur, Zimbabwe Image: Martina Gruber “going home” “Cryptocurrency feels almost like luxury. It’s sad because I don’t think that’s what it’s supposed to be, but it was also bearing in mind cryptocurrency was designed in a functioning environment. It was designed by people who maybe haven’t spent 12 hours in a fuel queue?” – Teacher and Digipreneur, Zimbabwe “We need to start having more conversations about the future with the people who are actually affected by the future. Hold workshops under a tree in Binga and have someone who is there who can translate into the local language and have a conversation.” – Teacher and Digipreneur, Zimbabwe This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network. This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let’s Talk Bitcoin Network. Sponsors Widget not in any sidebarsSupporters TRANSCRIPTToday’s guest is a young woman from Harare. She calls herself a Digipreneur and is working as a teacher, too. With her organization that is focused on the digitalization of Africa, she aims to bring Zimbabwe forward. As the use of Bitcoin is outlawed and the state of human rights and free speech is rather poor in Zimbabwe, we agreed to not mention her name. Thank you anonymous friend and I also thank all the other people in Zimbabwe who have been so kind to dedicate their time to support my work. And thanks to you, my listener for following. If you want to ask a question, feel free to visit the episode page at https://bitcoinundco.com/en/africa4 and press the appropriate button. I will answer your question in one of the next episodes. Teacher and DigipreneurI am an entrepreneur or what we would call a digipreneur. I’m an educator and I’m also creative. My main interaction with Bitcoin has come through my organization – we basically focus on furthering the dialogue and development of the fourth industrial revolution and its impact on African economies and communities. And so we look across all sectors, from finance, to agriculture, to education, arts, to governance, mining, etc. So, my research into bitcoin and everything else related to FinTech and cryptocurrencies came through my organization. Anita PoschAnd what is your current opinion on Bitcoin or how do you see Bitcoin in Zimbabwe? Teacher and DigipreneurI think Bitcoin in Zimbabwe is going to be a challenge to try and establish, also considering like our tech infrastructure is not that great. It could be a lot better. But I think Bitcoin as a way to, you know, fight the system and you know, the usual narrative that comes with Bitcoin, I don’t think would be successful in this country. Anita PoschThat’s interesting. But the properties of Bitcoin, like being permissionless cannot be inflated, cannot be censored, will be or is maybe more stable than your local money here. Isn’t that enough? Like, isn’t that a good thing to do, to be? Teacher and DigipreneurIt’s incredibly attractive. It is the right thing to do. I mean, it would be the right thing it would make so much sense. But I think where we’re coming from culturally, as a nation, our belief systems, also our lack of trust, generally in whatever is new, or different, I think would make it really hard to justify why we would adopt something like Bitcoin especially since it cannot really be controlled or taxed per se. Anita PoschSo you are talking about the government at the moment? Yeah. So yeah, okay. Yeah. So that’s this side? Yeah. At the moment, I think it’s not really regulated. But there was a platform called Golix. Teacher and DigipreneurYes, there was a platform. I believe they’ve since shut down. It’s because it was new and it was different. And the government had no way of controlling people where they had an ATM which is actually what got them shut down. They had an ATM which you could cash out your Bitcoin in hard currency, in US dollars and that obviously, you know, obviously caused a bit of a stir, and I’m not sure what regulations they hadn’t followed, etc. But it was very soon. Initially, it was just the ATM that was removed. And then I think a couple of months later, the entire institution had shut down. I’m not sure whether you can still trade on Golix but yeah, as far as I know, that was shut down very quickly, which for me was very eye opening and indicative of how cryptocurrency is viewed generally in this country and how it’s mistrusted a lot. Anita PoschYeah. Because the government cannot control it. And they do not want to have people exchange their money, the local money into bitcoin or the USD into bitcoin, they want to control it because they use it by themselves. I mean, yeah, they want the money here. Anita PoschWhat’s about Ubuntu? Teacher and DigipreneurUbuntu is basically stands for I am because you are the health of your community, the health of the people around you will determine your own personal well being. So I’ll give you an example on how we greet each other. So when we say good morning, it’s typically Mamukase which is just asking, how did you wake up? The response to that is Tamuka Mamumokau which means we woke up well, only if you woke up well, so it’s ingrained in our very language it’s, it’s basically putting an emphasis on those around you in order to improve your own social standing your own your own well being as a person, so I feel like if we shift cryptocurrency for what it stands for aside, there’s a one sideways yeah it’s against the system it’s like this activist. It’s almost taken on the shade of activism. But if you look at it, then the benefit that I can if I use if I have Bitcoin is just choose Bitcoin, right? I can send money to my relatives who are in Malawi or in Namibia or in Ghana. Currently I can’t with our own currency, I can’t send money out freely and quickly. It’s usually a bit of a process and you have to get all sorts of approvals. But if cryptocurrency if Bitcoin allows me to quickly take care of the people around me if we can sit down as a community and say, okay, we need to buy a new borehole for our community because we don’t have water, we haven’t had water for years. And we need a communal borehole. If Bitcoin allows us to buy and ship that a borehole was they want the equipment or they want to bring it in from America or China or Europe. And we can do that without just by using our phones and not having to go through like, that’s an amazing thing. You know, if we look at it from a place of development, if we look at it from a place of helping the community and taking care of each other for allows us to take care of each other without having to create so many barriers and so much red tape to get stuff done with money. I feel like when you change that narrative, you speak to something very deep within an African. Even in the midst of our selfishness, I will be selfish about something because in my mind, I know I’ve got my mother, my father, my brother, my grandmother, my aunt, my daughter, my husband, I’ve got my whole family to take care of, if this thing allows me to take care of everybody around me and those outside of the country, as well, that’s amazing. You know, that’s fantastic. And instead of focusing on fighting the system, because that doesn’t work, you know, especially in such a politically volatile country and an economically volatile country as ours. The narrative won’t be well received and will most likely be met with a lot of resistance from the government, from people as well, who are already in positions of power. I think I feel like we put a lot on the government. Yes, the government is responsible for a lot, but it’s at the end of the day, it’s the market, its people and how we use the resources that we have as a country. And so sometimes it’s people who will resist new changes, because then it affects their own under dealings and their own corruption dealing. So when you sell it from a place, almost like CSR, corporate social responsibility, you know, we’re being responsible, and that Bitcoin is a tool for responsibility. It’s a tool for community development. And if we started off at that level, I feel like we’ll be a bit more open to learning about it and understanding how it works and realizing that it can be a solution. Sometimes it’s scary, but it doesn’t necessarily mean it’s bad. Anita PoschYeah, so changing the narrative from Bitcoin and money of freedom, freedom for yourself to Bitcoin is community money maybe? Yes. Okay. Yeah. Then Yeah, understand. So because, outside of Africa, in Europe and in the US, the narrative around Bitcoin is very much this self sovereignity and independence and freedom. And I understand that that would not be the right way to communicate that here. Teacher and DigipreneurNo, it’s not. It’s not we’re not selfish people. Africa, Africa as a continent has always been built on your neighbors, on being neighborly, on building communities, we work, we’re about kingdoms, you know, and that’s sort of nature. It was always the wealth of the community, the well being of the community. We even this culture of, for example, just an example to illustrate culture, putting our elderly in homes that was like our ancestors right now are turning in their graves like what are you doing? That’s not what we do. It’s as soon as the person gets past a certain age where they struggle to do things for themselves, you bring them into the family. And what would happen is the grandmothers or the grandfathers would be the ones who would then impart wisdom on to the children because you got children in the house so they would almost become like your nannies, may be there to look after the children and but you know, pass on knowledge and that sort of thing. And so, independence like self sovereignty. It’s important but not as important as the health of your community. Anita PoschYeah, I think self sovereignty is also meant in a way against or in opposite to the government or to the state, to the nation. You know, it’s the nation state independent yeah exactly. Because you were speaking of elderly people, now, I realized that here in Zimbabwe elderly people are very well respected, yes there’s even – we don’t have that – there’s a line in the supermarket where it says elderly people, that’s a line especially for them yes we don’t have that. Teacher and DigipreneurReally? wow that is I’m sorry, I’m sorry, if you’re old and listening to this podcast come to Zimbabwe we’ll take care of you if we can find the fuel to pick you up from the airport. Anita PoschIn the last weeks, I think the government decided on the minimum wage for workers. Like for gardeners or maids, something like that. And I think it’s like eight USD a month. Yes. I mean, imagine that, yes. How can they live? And then they have to get home with, with the mini buses public transport, which costs like maybe 50 us cents or something like that, you know? So. So basically, people cannot go home to their family because they can’t afford because they only earn like 10 USD a month. Exactly. And then you have children at home. Exactly. And elderly people and your whole family. I mean, actually, this is this actually I’ve that slavery in a way. Teacher and DigipreneurIt is and then you have people who are desperate. So for example, then we start to borrow behaviors that aren’t ours, and I hope I can speak candidly. So, when you talked about slavery, I thought a story came to mind. Yes. So I like a lot of people who work – I am fortunate that I work – so I have someone who works who stays at home with my child and who takes her to school. So I have a nanny, I have a live-in nanny reason she has to live-in because I can’t afford to pay her enough to pay her rent every month. Because if she really wants to live in a place every month, it’s gonna cost her at least 30 US dollars a month in addition to her, she has two children that she has to put in school. They need school uniforms. She has to feed herself so she’s a live-in, which is cheaper for me, in that I know everything is covered for you, you have food 24/7, there’s electricity, there’s water. And for her it’s actually more favorable to be live-in because to stay in, in this you know, for example, in .. that’s where she’s based to go and live there all the time you’ve either got no power all the time, we’ve got no water and you have to walk long distances with a bucket. So she opted to stay in because we stay in a neighborhood where there’s always water there’s always electricity and its borehole water so it’s clean. But you’ll have a scenario where I have someone ask me, how much do you pay your maid? And then I’ll say, Oh, well, you know, 800 Bond, basically, and then I take care of everything else. And you’ll have a lot of people say it is far too much, far too much, has too much and like, but, you know, because of the winner, I mean, you know, you can’t you can’t pay someone that much only because then they would have to pay more. Yes. And I am but, why not? Because she’s a mother. She’s a single mother with two children. And I know that’s not even enough. That’s not even enough to fill up a trolley. Right now. 40 Bond is the new 1. What is the new $1 . 40 bond, right like not as an rate not rated per se. I mean, like, so when you walk into a shop, things like to buy anything basically, that’s not your bread o…

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    Part 3: Using Bitcoin in Zimbabwe - Bitcoin in Africa: The Ubuntu Way Apr 02, 2020
    Show notes

    In the third part of the six-part series about Bitcoin in Africa you will hear from two early bitcoin adopters based in Harare. We speak about the different use-cases for bitcoin, how it can be exchanged to US Dollar and RTGS, what the obstacles and pros are, about regulation and what the two online entrepreneurs want to tell people outside of Africa. After the two interviews I will answer a listener’s question about the possibilities for rural communities to use bitcoin. “Do you think that Bitcoin can help the communities in Zimbabwe?”“Yes, it can, as an innovation, I think it helps the community. I think, if there is investment in Bitcoin knowledge, there is investment in awareness, there is investment in the like, free knowledge about it, then people can can really come through to invest in Bitcoin, they can come through to even use it. Bitcoin is a good thing, but there is need for us to preach the good about it.” Full transcript on the episode page This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network. This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let’s Talk Bitcoin Network. Sponsors Widget not in any sidebarsSupporters TRANSCRIPT Hello again my dear listener, whether you are a regular subscriber of my show or a new listener, it does not matter, I am glad that you are here. If you are new, please take some seconds of your time to subscribe to the Bitcoin & Co. podcast on your podcast player now. If you are a fan already please consider writing a recommendation on Apple or Google podcast or wherever you’re listening to help other people to find my show. In the first and second part of this six-part series you heard about the difficult living situation, the hyper-inflation and about the multi-currency world that Zimbabweans have to live with since many years. In this – the third part – you will hear from two early bitcoin adopters based in Harare. We speak about the different usecases for bitcoin, how it can be exchanged to US Dollar and RTGS, what the obstacles and pros are, about regulation and what the two online entrepreneurs want to tell people outside of Africa. After the interviews I will answer a listener’s question about the possibilities for rural communities to use bitcoin. If you, too have a question, feel free to visit the episode page at https://bitcoinundco.com/en/africa3 – there you will find an audio recorder to record your question. Internet Marketer and Trader“I am an internet marketer. I’m also an online entrepreneur. So I do affiliate marketing, as well I do trade Bitcoin, as all trade other currencies. So I’m also formally employed but for now, I enjoy doing online business that is trading Bitcoin as well as other currencies.” Anita Posch“How did you start that business? I mean, have you been in school and studied that or did you learn everything by yourself?” Internet Marketer and Trader“No, I learned everything by myself just from peers. I think back in 2015 when there were Bitcoin hypes mainly in Zimbabwe, currently in Zimbabwe at that time, we could trade using USD. So that’s when I got to know about Bitcoin, but it was not educational. It was not formally education. Yeah. “ Anita Posch“Somebody told you about Bitcoin or did you research it by yourself and find it? ” Internet Marketer and Trader“Actually, there was somebody who told me about it. Then I went on and research more about it. And how what is it, how it was started, the history of Bitcoin, the history of crypto currencies and so on.” Anita Posch“Yes. Okay. And when did you start trading with Bitcoin?” Internet Marketer and Trader“I can say I started trading big in 2016/17. That’s when I started trading, like online trading.” Anita Posch“Do you have platforms here in Zimbabwe to do that? Or do you do this on other platforms?” Internet Marketer and Trader“No, not in Zimbabwe? Yes, there was one company in Zimbabwe that whereby you can withdraw USD when you have Bitcoin, but it wasn’t supported. It’s not like there was support like government support or there was no support. So they come and closed because of other things. Mainly regulation.” Anita Posch“Yeah. But how do you do it then?” Internet Marketer and Trader“Okay. In Zimbabwe like we do have peers down in South Africa, in the UK in every in every way. So how it said Bitcoin is when you do have Bitcoin say in your BTC wallet you can then give somebody who wants to trade in Bitcoin we exchange like peer to peer you send to each other then the person can give you hard currency.” Anita Posch“Okay, so you know these people already or do you find them on platforms like LocalBitcoins.com or other platforms?” Internet Marketer and Trader“Mainly I started knowing those people through hypes if you know what I’m talking about, you know, those network marketing companies that said you can donate Bitcoin then you can receive Bitcoin so many people so so many things, but then we we met under bad circumstances with Bitcoin, where people can actually their Bitcoin can get stolen. After you you, you’re given promises that you’re going to get something if you donate, say $10 worth of Bitcoin you’re going to get $100 more so usually after something bad happens mostly in Zimbabwe that’s how people get to know about Bitcoin, ah this Bitcoin is bad this one this one, but no, then I started researching more about it, now we know people are genuine who said between genuinely only because there are no companies actually that’s really trade Bitcoin in Zimbabwe. Yes they was but they are not open enough to trade Bitcoin openly because there’s no regulation around that. That’s that cryptocurrency issue. So that’s how we know it in so many groups now on WhatsApp in Telegram also on Facebook. Yeah, Bitcoin groups, whereby people now know this is a bad company, this is a good company where you can join Bitcoin.” Anita Posch“Yeah. Okay and if people here would like to get Bitcoin how to the proceed? I mean, can they earn it in a way or do they buy it for RTGS? How is this working?” Internet Marketer and Trader“Okay, let me say in Zimbabwe when you want to trade Bitcoin into RTGS that’s actually we do it the longer way. As traders what we do is we I do have Bitcoin in my wallet besides the Peer-to-Peer I take the Bitcoin to my Skrill account. Then if you put into Skrill then you can take it to your FCA account, which is a USD funded account. So it’s actually a longer process for us to then access the RTGS, you understand? Yeah, so we prefer peer to peer. Here in Zimbabwe it is actually easier and no charges, because the longer route when you get your money into the bank, then the bank charges are exorbitant. Yeah. No one would like that and you get your Bitcoin also in RTGS, you will not withdraw in resistance. So there is so much regulation. Yes, there’s so much regulation and around that withdrawal of in Bitcoin Zimbabwe. So we prefer peer to peer.” Anita Posch“Which other use cases do you see for Bitcoin here in Zimbabwe besides trading?” Internet Marketer and Trader“I think it’s easier because in Zimbabwe you know, we do have a currency issue. We are a multi currency economy. So I think if we introduce Bitcoin, the easier the easier for everyone because you can trade in a currency that in Bitcoin, which is a cryptocurrency that you know, it’s, it’s something solid. Yeah, so I think it’s through ease of doing business.” Anita Posch“Do you think that people know already that Bitcoin is more solid than maybe their own currency here?” Internet Marketer and Trader“For some of us, we’ve really researched about it. We know even the volatility around Bitcoin. We have been there we know just like any other currency in the world, that Bitcoin can go up and go down. So we are not afraid. We’re not afraid to trade in Bitcoin you’re not afraid to actually buy in Bitcoin. There was another time that I was in South Africa, I actually used my you know, there was a company that I joined like a multi level marketing company IML, which teaches you how to trade, they will give you a card a bitcoin card, you apply for the card, actually, then you can actually swipe using the card. So, we can also do that in Zimbabwe. I think it will, the ease of doing business also it can solve the cash shortages, and the much needed foreign currency can come also to Zimbabwe. Yeah.” Anita Posch“Okay. And how do you see the future here in Zimbabwe for Bitcoin?” Internet Marketer and Trader“What I think is Africa is the future. So, we are still a …land when it comes to innovations, new innovations like Bitcoin, we have to actually there is room for growth, there is room for growth. I would not lie because I would like to say maybe 75% of the adult population they don’t know about it. So if people get to know about it, get awareness about it. I think it’s actually a huge market.” Anita Posch“But I think not many people can afford the internet here. So that might be a problem or because I think having a phone or having a mobile plan is very expensive for the big part of the people here because they are unemployed and they live day by day.” Internet Marketer and Trader“Yeah. Most people is just the economic situation. But there were times like back in 2014/15. Things were actually better. It’s actually a phase which we believe is in Zimbabwe, we believe things are going to be okay. It’s only an economic situation in Zimbabwe, that is, everything is actually expensive. Besides internet, food is expensive, everything is expensive at the moment, but we believe probably if the right decisions are made, then I believe Zimbabwe can go far. Yeah.” Anita Posch“Do you follow technical advancements in Bitcoin or other cryptocurrencies, or are you a user mainly?” Internet Marketer and Trader“Yes, I tried to follow but nowadays I’ve decided to stay, let me stay in one lane, because there were so many bitcoins coming. There were a lot even in Zimbabwe, there was Zimbocoin, if you have heard about it, there is this Zimbocoin. So there were so many cryptocurrencies I’ve been following people who brought so many other cryptocurrencies but I decided no, let me stay in one lane, because like I told you the bad how I got to know Bitcoin, most people in Zimbabwe they got to know through bad experiences. Well then people went to the newspaper and said I lost money in Bitcoin. So it was mostly bad publicity about Bitcoin but that’s why I said, I follow the news. Yes, this developing, it is going up, it is going down, also Litecoin there is many Bitcoin and cryptocurrencies that are coming. But let me say I decided to just follow one path.” Anita Posch“Yeah. So you’re interested in other cryptocurrencies but as I understand it, you have your trust more in Bitcoin BTC than in any other.” Internet Marketer and Trader“Yeah, exactly. Yeah. Also Litecoin and I also tried Zimbocoin you know, the local one.” Anita Posch“Okay and what happened with Zimbocoin?” Internet Marketer and Trader“They are still crowdfunding.” Anita Posch“I mean I always see the problem with these new coins or tokens is that you have a leader then you have a company you have a group of people who is behind it. Yeah, you don’t have that with Bitcoin You know, it was like a genius, immaculate birth.You know, and nobody can get hold of anyone and use those coins. I mean, it can’t be seized, it can’t be frozen. I mean, the company can..” Internet Marketer and Trader“..close Yeah. Yeah, these traces, you can trace somebody, if you lose money you can trace it down to someone. But with Bitcoin that wasn’t we believed it was a belief that Satoshi brought a Bitcoin. But it’s one a belief we didn’t know. You know, we couldn’t even trace it back to him, you know? Yeah. So it was just a belief in everything yeah.” Anita Posch“And we all don’t know who the founder of Bitcoin is.” Internet Marketer and Trader“Yes. It’s a belief. Yeah, yeah.” Anita Posch“Do you think that if the bitcoin price is rising again, then the hype comes, that there will be another bunch of new people coming into bitcoin also in Zimbabwe?” Internet Marketer and Trader“I think so. In Zimbabwe, oh, let me say we take risks. Yeah, we take a lot of risk. So we jump into anything especially the internet, the online entrapreneurs in Zimbabwe, I’ve been in so many groups of in online entrapreneurs they, they follow each and every hype especially if somebody says this is working and your mentor probably says this is working, you jump in and then if it fails, it fails. You know, because we have first a lot of losses, a lot of sad insurance losses so much that we take any risk now. Yeah.” Anita Posch“Talking of risks, I mean, everybody knows not your keys, not your coins. You should hold your own private keys for your Bitcoin. Do you have something like hardware wallets here in this country? Can you buy hardware wallets here?” Internet Marketer and Trader“Not that I know of. Hardware no. So somebody tried it here in Zimbabwe but I think it died a natural death, it wasn’t successful, we do not ..have you said hardware? Not in Zimbabwe. Not that I know of.” Anita Posch“So you basically use your computer or your smartphone for a while, actually.” Internet Marketer and Trader“Yeah, exactly.” Anita Posch“You know, a lot of online entrepreneurs, internet entrepreneurs. Yes. And are there also a lot of developers here? People who are doing programming and stuff?” Internet Marketer and Trader“Yes, yes, yes, there are. People that web development. Like languages, like programming languages? Yeah. There are a lot of them actually have universities and colleges that teach all of that.” Anita Posch“Do they work internationally like living here and work for companies abroad?” Internet Marketer and Trader“Yes, most people usually relocate, but there are. They are online entrapreneurs that I know, say we do have a common website Afriblocks, if you have heard about it. It’s actually an innovation, whereby I think it’s solves a unemployment issue in Zimbabwe, whereby web developers, people with so many skills, web designers, graphic designers, also writers, they have so much skill here but these high unemployment rates, so it’s actually solving that issue. So I know a lot on that platform actually. Particularly on that platform. We do have a group of people who have done so many jobs outside internationally, but they are here in Zimbabwe.” Anita Posch“And do you know how they get paid? Do you think they use Bitcoin?” Internet Marketer and Trader“Yes. Actually, I did a job I think two twice or three times I was paid through Bitcoin. Yeah, it’s easier, there are no charges whatsoever. Just receive your Bitcoin. That’s it, and you withdraw using the methods that I told you like Peer to Peer.” Anita Posch“Sounds very easy, actually.” Internet Marketer and Trader“Yes. Actually easy. Very.” Anita Posch“Because I think many people h…

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    Part 2 Zimbabwe: Living in a Multi-Currency World - Bitcoin in Africa: The Ubuntu Way Mar 26, 2020
    Show notes

    This is the 2nd episode of a six-part series about Bitcoin in Africa. In February 2020, right before the start of quarantine and travel restrictions due to the coronavirus pandemic, I travelled Zimbabwe and Botswana to get a picture from the ground about the usage of bitcoin in these countries. Zimbabwe and Venezuela are very ofted named as countries where bitcoin could be making a difference, in supporting people’s economic situation. I wanted to see by myself, if this is true and in how far bitcoin is known and used there. In the first episode you learned about the current living situation of Zimbabweans and the countrys political history, which paints a picture about why things are how they are as well as the state of human rights and free speech. In this episode you will get to know the multi-currency world, the different forms and usages of money as well as the price fluctuations that Zimbabweans are dealing with day by day. We also take a look at the current regulations of cryptocurrencies, the usage of mobile payments and internet connections and the prospects of Bitcoin. This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network. This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let’s Talk Bitcoin Network. Sponsors Widget not in any sidebarsSupporters TRANSCRIPT To understand the Zimbabwean currency changes, reforms and the resulting crisis, we need to go back to 1980, the year of the independence of Zimbabwe. Back then the Zimbabwean dollar was legal tender for the first time, it was introduced to directly replace the Rhodesian dollar at par (1:1), at a similar value to the US dollar. Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the so-called “fourth dollar” (ZWL), which was worth 10 to the power of 25 (1025 ) “first dollars”. You needed weird amounts of notes to buy stuff. I was told, there was a joke at that time, someone wanted to pay for something and came with a wheelbarrow full of bank notes to the seller. The seller threw the notes out of the wheelbarrow and went off with the wheelbarrow, because it was worth more than the big pile of banknotes. You can buy those paper notes as collectors items now. I found 10 million dollar notes at a souvenir shop in Victoria Falls. One of these paper notes costs 5 USD, I guess that is a higher value than they had in 2008. Ten Million Dollar Note In 2009 the country—ravaged by the hyper-inflation—abandoned the Zimbabwe dollar and adopted multiple currencies including the US dollar. In 2014 there were eight legal currencies – US dollar, South African rand, Botswana pula, British pound sterling, Australian dollar, Chinese yuan, Indian rupee and Japanese yen. The Dollarization reversed inflation, permitting the banking system to stabilize and the economy to resume slow growth after 2009. You can buy these notes from collectors. Now worth 5 USD. But then in 2015, the foreign currency notes dried up at the banks, leading to cash shortages in the economy. In 2016, Zimbabwe introduced Bond notes as a surrogate currency which initially had equal value to the US dollar but today it trades at 1:43 with the greenback. In June 2019, the Reserve Bank of Zimbabwe abolished the multiple currency system, outlawed the use of US Dollar and replaced it with a new “Zimdollar” based on the RTGS Dollar. The new legal tender. Anita Posch“What are the forms of money that people use here in Zimbabwe?” Online Entrepreneur“Okay, so in Zimbabwe there is what is known as Bond, which is the cash, the hardcash that you actually hold, paper money that you hold in your hand. And there is what is known as RTGS, which is the electronic money if I can, if I can call it that way, that’s another form of payment that people use, and also people use US dollars and some other currencies like South African land, but the most popular one is US dollars in terms of currency that is not from Zimbabwe, but mostly people use electronic money which is called RTGS the bond money and US dollars and South African rands as well.” Anita Posch“And I always see these signs with EcoCash numbers on it. So is EcoCash very often, broadly used as a form of payment?” Online Entrepreneur“Yes. EcoCash is broadly used. It is a form of payment in Zimbabwe. I would say, EcoCash is just a vehicle of where money passes through. Okay? So it just connects your RTGS balance to the customer. We just use it to make payments like walking into a shop, you buy bread, you can actually use it to buy anything that you want, pay school fees, pay anything that you want. Yeah. But it’s not classified as a currency. Yeah, but it holds our currency.” The official currency of Zimbabwe is the RTGS dollar or Zim dollar. As you have just heard it is called RTGS, if it is the money on your bank account – RTGS is short for real time gross settlement. So it is called what it is, electronic money – an entry in a database. If it is in the form of cash, it is called Bond notes or Bond coins. These are the Zimbabwean Dollar paper notes. Cash. In paper form it is called Bond note as mint Bond coin. But the Bond notes are rare. This is the reason why there are queues at the banks, when wages are paid out. People are waiting hours for cash. Why? Because public transport with buses or in many cases the school fees have to be paid in Bond notes. You can find pictures of Bond notes and coins as well as a queue in front of a bank, that we were passing by, on the episode page at https://bitcoinundco.com/en/africa2. People waiting for their wage in front of bank in Chegutu. There are a lot of ATMs, but they are empty, they have been used up until 2015, now you can get your bank statement, but no Bond notes. So if you can get hold of Bond notes you immediately take the chance to get them. For instance – I was standing next to my friend at the counter in the supermarket. Ahead of her there was a guy who had a bundle of Bond notes in his hands. She saw that and before he could pay his groceries my friend asked him, if he would give her the Bond notes, if she would pay for his groceries per swipe. And so it happend. His bill was settled and she got hold of Bonds. Sign in a restaurant. Credit cards: Credit cards have been used some years ago and you can book flights or use them for online shopping, but since they are all in foreign currencies it’s complicated to get the money out of the bank. So if you’re a merchant, it’s theoretically easy to collect money with credit cards, but very expensive and difficult to redeem it. That’s why almost nobody uses credit cards. ATMs are empty. So how do people pay their shopping and their bills? In the supermarket you can pay with Bonds or you swipe. Swipe means you pay with your banking card using RTGS – you know the electronically stored money in the bank – or you pay with EcoCash, which is mobile money. People are forced into using EcoCash, because Bond notes are rare, most of the people do not have access to US Dollars and even if you had US Dollars, the use of it was outlawed.And exchanging money is very costly and cumbersome in general. That’s the reason why you get 20-30 percent off the price of goods in most cases, if you pay cash. On the other hand, if you use EcoCash prices are 20-30 percent higher, because of the conversion costs. And additionally there is a 2% transaction fee that the government imposes on every digital transaction. This is basically a tax on every purchase. No matter how rich or poor you are. Paying with EcoCash at the vegetable stand. The government imposes a 2% fee on every single transaction. EcoCash earns a fee, too. While driving back to Harare from our weekend trip, we stopped at one of the many corn stands next to the street. Men are roasting corn cobs on self-made stone grills – it’s their daily business. You can see one of the guys called Advance and his grill on the episode page at https://bitcoinundco.com/en/africa2 . We stopped the car, bought two corn-cobs and my friend paid with EcoCash. One cob costs 8 Zim dollar in Bond, if you pay with EcoCash 10. At the end of the sound you can hear Advances phone ringing, that’s the EcoCash confirmation. EcoCash can be used in every street shop. M-Pesa (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone in Kenya and Tanzania. M-Pesa allows users to deposit, withdraw, transfer money and pay for goods and services easily with a mobile device. EcoCash, was launched in 2011 by Econet Wireless, a telephony company, for its customers in Zimbabwe – it is similarily to M-Pesa a mobile phone-based money transfer, financing and microfinancing service. Econet allows users to deposit, withdraw, transfer money and pay for goods and services, including utility bills, from a mobile handset. Users can also buy pre-paid airtime or data bundles for themselves or others. Users can also redeem stored mobile money for cash. A fee for each service is deducted directly from the account stored on the mobile phone. On the episode page at https://bitcoinundco.com/en/africa2 you will find a picture of an EcoCash sign, where you see the telephone number, name and the codes you have to dial to send the right amount of mobile money to the seller. EcoCash seller shortcode for sending a payment. Anita Posch“How many people are banked or how many are unbanked in Zimbabwe?” Human Rights Speaker“To explain that, I have to start 10 years earlier. In 2009 the unity government under a new constitution ended the phase of the Zimbabwe dollar being the official curreny and introduced a multicurrency basket. In 2015 basically everything was paid in USD. Zimbabwe had a USD economy, but ran out of cash. The ATMs were working, but there was no money anymore inside of them. Almost everybody was unbanked. At some ATMs you could get South African Rand. And in 2016 the bottom fell out on the cash supply.” Anita Posch“Why did the US Dollar cash supply run out in 2016?” Human Rights Speaker“One reason is that Zimbabwe is much more of an import economy than it is an export economy. So before, like when we used to have a strong agricultural base and a strong manufacturing base, we were exporting things. We had a functioning economy. In the intervening 20 years, agriculture really declined, manufacturing really declined, we began to be a country that imported a lot more than it exported, or that we even produced ourselves. So when you go to the supermarket you will see that everything is South African, we’re not producing locally, but we’re buying. Then think about fuel, think about electricity. There’s a huge economy that’s purchasing things from outside and not much that’s selling outside. So all the US dollars that were circulating in the economy at some point they had to have been from outside the country. So, over time, you have what’s called a nostro account, which is basically the international system of – once my money goes out of US dollars cash and into the bank, it’s technically still US dollars, but it kind of exists in an electronic trust format. So I’m a bank here and I have US dollars, your bank in the States that has US dollars, we know that we have US dollars collectively, but I’m never going to physically give you $100 because you’re the bank in the States, right? It only exists electronically. Which – as long as we all trust each other is great, but it means, that the Zimbabwe bank is meant to put my US balance into this nostro space internationally, because that’s actually where its existing and holding its value. But the banks didn’t do that. So, over time, slowly, slowly the US balance that I thought I had in my account, which was my 100 US dollars that I put into the bank – the bank didn’t hold it in the safe space, they lent it to the government, they borrowed it, they exchanged it. So the US balances that banks held got eroded. And now, when I need the US dollars to go outside the country to buy things I need actual nostros, but if I’m inside my own internal economy, I have a US dollar in inverted commas and I give it to you and it’s all buying stuff. Yeah, so we did never check one another like, do you still hold actual dollar? Here are mine. So that were years of doing that, and eventually just kind of all caught up with us. And it was like, millions, hundreds of millions of actual US dollars. The banks have just been busy borrowing, lending treasury bills and spending. And it was just a number in a database. So the physical, hard currency that should have been backing that up, it was nowhere to be found. In 2016, they introduced the Bond notes, which was kind of like, Oh, look, there’s no more cash in the system. We’re going to introduce Bond notes to make these things easier. It’s exchange rate is one to one so one Bond note is one US dollar. Don’t worry, you’re going to be fine. And we’re like – well, we’re not particularly stupid. – But you also can’t really do much about this. That’s the thing.” In the supermarket you can use different currencies and payment methods. Anita Posch“And then what happened next? Because I heard from people who had like US dollars in the bank, and the government forcibly changed it to Zimbabwean Dollar. Do you have any cases or can you say something about that?” Human Rights Speaker“I mean, that’s exactly what they did. It happened in a couple of phases. Since 2009 we have been using this multi currency basket. So my bank account that I had with Standard Chartered, it was an US dollar account. And in October 2018 you woke up one day, and they were like, okay, guys: listen, you have an US dollar account, but actually, that’s now a RTGS account – a real time gross settlement account. Yeah. So literally like even as an organization, it was the same. They converted your US Dollar bank account with all you owned into RTGS dollars and told you, if you want, you could open an US dollar account. But you have to put new money inside this account, because the other one is now RTGS dollar – the exchange rate is one to one – but you can’t have that money. To give you an example of how broken the banking system is: At the time, we as an organization, we were banking with Cabs – don’t bank with Cabs. Cabs is a bank, Central African building society. We had all of our money inside of the bank and remember, you can’t get cash. So let’s say we owe an Austrian company that is working for us here in Zimbabwe 1000 USD. We can’t get money out of the bank, so we have to somehow transfer it digitally to the company in Austria. The company in Austria has maybe an US nostro FCA account here in Zimbabwe, but with a different ban…

    Full show notes at the publisher

    Part 1 Zimbabwe: Ideal Conditions for Bitcoin? - Bitcoin in Africa: The Ubuntu Way Mar 19, 2020
    Show notes

    In this 1st part of the “Bitcoin in Africa” podcast documentary you get an insight about the current living situation of Zimbabweans and the countrys political history, which paints a picture about why things are how they are, as well as the state of human rights and free speech. In February 2020 right before the quarantine and travel restrictions due to the Corona Virus pandemic started, I travelled Zimbabwe and Botswana to get a picture from the ground about the usage of Bitcoin in these countries. Zimbabwe and Venezuela are very ofted named as countries where Bitcoin could be making a difference, in supporting people’s economic situation. I wanted to see by myself, if this is true and in how far Bitcoin is known and used there. TRANSCRIPTHello friends, bitcoiners and pre-coiners alike! This is the first episode of a multipart series called “Bitcoin in Africa: The Ubuntu Way”In February 2020 I travelled to Zimbabwe and Botswana to find out, if and how bitcoin is used there. I spent 3 weeks in Zimbabwe, 2 weeks of that time I was in Harare the capital and I travelled for one week to Bulawayo and Victoria Falls. After that I spent some days in Gaborone, the capital of Botswana to meet and talk with the founder of the Satoshicentre Alakanani Itireleng. Image: Martina Gruber The instrument you heard is a Mbira (pronounced m-BEER-ra , IPA (ə)mˈbɪəɾə) it is an African musical instrument, traditional to the Shona people of Zimbabwe. Why did I visit Zimbabwe?I wanted to see with my own eyes how the living situation is for people and more importantly to research the usage of bitcoin. Bitcoin is in my eyes first and foremost not a speculative, trading object, where everything is about price. For me it’s a tool of liberation that enables individuals and communities to free themselves of tight restrictions by authoritarian or totalitarian nation states that harm people’s human rights. This has many faces. In the so-called western world, in countries with freedom of speech, safety and a high level of wealth, it is the possibility to free oneself from the banking system. The banking system has in the last 30 years in combination with national and global regulations evolved into a very strict system of surveillance and allowances. Where we – the majority people of integrity are being policed by the banks – because of fear of money laundering and terrorism finance done by the few. In conjunction with “surveillance capitalism” – a term coined by Shoshana Zuboff in her book well worth reading – surveillance capitalism – which is the permanent recording of all our digital traces on Facebook, Google and Co. – that are being used not only to comfort us with better search results and convenience, but also to manipulate our decisions and extort our data for money and higher profits. This has had disastrous consequences for democracy, freedom and our privacy. So in countries with high living standards, safety and a relatively good working banking system with a low inflation rate controlled by so called “independent” central banks, I would argue that governments try to regulate Bitcoin in the face of “money laundering and financing terrorism” – while in countries like Zimbabwe Bitcoin has to be tamed or controlled by the governing elite, because of the possibility for more “human rights and freedom” for its citizens and their loss of power. This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.I want to thank my sponsors first: Thank you: Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, LocalBitcoins.com a person-to-person bitcoin trading site, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network. This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let’s Talk Bitcoin Network. Sponsors Widget not in any sidebarsSupporters I did talks about Bitcoin in both countries and introduced around 100 people to the possibilities of using and earning bitcoin and showed them how it can improve their living situation in the short and long run. I met with many people from different backgrounds with a diverse set of goals and interests. I talked with them about their daily life, how the economic situation has changed in the last 20 – 40 years, about their hopes and fears for the future and of course about bitcoin and its chances and challenges in Africa. In 2014 Alakanani Itireleng a true Bitcoin OG founded the Satoshicentre in Gaborone to educate her fellow citizens about bitcoin: Alakanani Itireleng:“I want to help people get into the Bitcoin ecosystem and set the ecosystem to make it like work for Africa, not only for Botswana to make it to work for for Africa, you know, we are the very people that need Bitcoin. Yeah.We are the people. I think so too. Yeah, we are actuallythis is the place where its is needed the most. Like I was shocked when I was in the US in Orange County. I saw a drive through bank. Yeah. I was like why do you guys have a drive through banks? You don’t need Bitcoin. So we need Bitcoin.” February 2020: my trip to Zimbabwe starts. I arrive at Harare airport – before I am allowed to join the queue in front of the immigration desk my body temperature is measured – it is Corona Virus season. All is good. They ask me where I come from: I say Austria. The answer is a question: Australia? I say no: Austria in Europe, next to Germany. Ah. Austria. Alright. I join the queue for the immigration procedure. I apply for a visa – and pay 30 US Dollar in cash. This, despite the fact, that in June 2019 the use of US Dollar and other foreign currencies was outlawed by the government. So, if the government outlawed the use of foreign currencies, why did I just pay my visa fees with US Dollar cash? This is just one of many questions I ask myself during the 3 weeks of my stay in Zimbabwe. Next step custom control: I am very nervous, because my suitcase is packed with devices for bitcoin use. I am bringing donations from my sponsors, several Hardware wallets, the BitBox02 by SHIFT cryptosecurity, several Card Wallets, a RaspiBlitz, which is a Bitcoin and Lightning Fullnode and several GoTenna devices to set up a mesh network to communicate and even send bitcoin, while being off the grid. So coming from the immigration desk I try to stay behind a couple to sneak through and I am lucky, the custom officers are not interested in me or my suitcase. I feel a great relief. After arrival my friends immediately take me out to an event. They say, you have to see that. And they were right. It was the Austrian new year’s concert in Harare. It felt a little weird. Being in a church, with an audience of 99% whites – so called “Murungus” in the local Shona language – attending. A group of elderly Rhodesians coming together to listen to a classical concert in the tradition of Vienna philharmoic orchestra. That’s not quite what I expected to find. But this audience is also a part of the country’s history and current life. This shows that Zimbabwe is a land of many contrasts. In the 3 weeks of my stay, I showered exactly one time. Bäh, you might think. No, I did wash myself, but only in a so-called shallow bath. You fill the bathtub just a little bit, like 2 cm high and then you wash yourself sitting and pouring the water over yourself with a jug. Why? Because of the water drought, there is no public water supply. So people try to save as much water as possible, you don’t even flush the toilet, when you have been on the small side. You have to buy water privately, that is delivered every two weeks with a truck. And if possible, you collect the rainwater. Even though there is no water supply: the water company still sends bills and you have to pay them. Same with electricity: it depends in which area you live. If you are close to hospitals or to the areas where people from the government live, then your chances to have water and electricity all the time are high. If not, then you have to suffer from power outages. At the place where I was staying, the power went on around 11 pm and went off around 5 am in the morning. That means, that people – and there are a lot of them – who cannot afford to buy a solar panel and an inverter – have to work by night. If you cannot afford a gas stove, you have to cook by night. And still: the electricity provider ZESA sends you bills and you have to pay them. So I travelled the country and arranged a number of interviews — Three of my interview partners in Zimbabwe wanted to stay anonymous. One person is working for a Human Rights organization in Harare. Another one feared about his professional career and the third one is a teacher in a public school, who is also afraid of possible threats. The other two I was talking with, would have been ok with their names in the public, but I decided to leave their names out, too. Why? Because people are scared. As my interview partner, who is working for a human rights organization puts it: Human rights person“The human rights situation here right now is really poor. I don’t, I haven’t I haven’t been this pessimistic about it in 10-15 years. It’s really is-. It’s as repressive as it has been with like, an added layer of like a sinister, vindictive. And I think that there’s a small number of activists or organizations trying to do something. And in some ways, because there’s so few of them, it’s really easy to just sit really hard. So if you are one of those handful of people you can get kidnapped, raped, beaten up and stuff. You know, you fight life, you know, every day. And like, how long does the energy last? So because some people I mean, that’s my observation on my feet, you know, just that you can do it for a certain period of time. And then you just I don’t know, it’s almost like a, like a fading out, you know?” Anita Posch“So one can say there’s no free speech in this country?” Human rights person“Yeah. And adding up – Especially what you receive from a kind of like whatever in form of like a global support network coverage of it’s very poor, you know? I mean, you get a headline in the media and like this, and this happens, but actually, the peer support internationally, I also like find quite poor.” One of my interviews was taking place at a self-service restaurant in the middle of Harare. My guest and I started talking and I recorded with my audiorecorder and two handheld microphones. After 20 minutes a women from the restaurant approached us: ….recording and taking pictures is not allowed…. We continued and finished our interview and left for another restaurant. But this was a disturbing experience. At least for me. I am used to being able to record my own conversations wherever I want. But people here are scared. And as I realized afterwards reports from foreigners about Zimbabwe require a permit. Also you are not allowed to take pictures of government buildings. Anita Posch“With all those complicated living conditions, what are the positives about living in Zimbabwe?” Human rights person“The people, the people, people it is and yeah, the climate. And the possibilities. You know, if you are an entrepreneurial person you are very free to start new things – there are not so many strict regulations for starting a business. In fact, you have to have this self-sovereign attitude otherwise you couldn’t survive here. Still, it is very different, if you have the possibility to leave the country or not. Because It’s tough. I mean, I think that’s a big part of why people leave, is the combination of kind of lack of civic freedom and lack of economic prospects. And it’s a little bit like what we were just saying about the colleague who’s gone to work in London, like you had an opportunity like that, yoou take it and if you mean, even if, even if the choice was like, be a tomato vendor here, or work as a waitor in South Africa, I’ll work as a waitor in South Africa, or for any other foreign currency, I can send it home. I can support my family.” There are 16 million people living in Zimbabwe and only about 800.000 of them have a formal employment. That are only 5 % of the population, that means 95% are informal unemployed, they hustle, they live of nothing. Of the 5 % with a formal employment, most of them work for the government, are civil servants or teachers in public schools. This is what the headmistress of a school told me: “Yeah, we hustle. Oh, yeah, it’s your you have people who work but and who are self employed. But very few people are like working from a for a proper institution, because even the institutions are in a difficult place because you’ll have rentals for example, charged in US dollar, even though the government would say no, it’s not allowed Even if they rate it, it will be like astronomical prices. We like I don’t even earn that much. So typical rental, for example, for a one bedroom apartment, let’s call it that, which is pretty standard. You’re looking at about 250 – 350 US dollars, the average person at most is maybe earning 2500 Zim dollars, which is about 100 hundred dollars. So how do you pay your rent, but then and so now like it’s become, employment has almost become like a jail, because it’s like, because now you don’t have time, because they’ll take all your time, you don’t have time to find that additional 200 or $250 to pay your rent. But really, and truly, you need additional maybe $400 because you’ve got the other bills outside of rent. So it’s almost like being employed is almost a disadvantage almost in this country because you’re locked down at that price and even if everything goes up, every month, your salary will remain the same. And a lot of companies struggle to put, what did they call it? Something allowance of forgetting the term an adjustment, as Yeah, it’s called a salary adjustment to move with the market. It’s never really completely what you actually need. They’ll try maybe you get an extra 200 bond or an extra 500 bond. But it’s difficult, you know, it’s difficult to keep up with that corporate struggling as well. Very few corporates are able to pay people very well for it to make sense.” As a teacher and headmistress she can tell about the situation in schools: “Wow, I mean, I work in education. I work in education, and I can tell you, it’s difficult. It’s difficult. Have a staff compliment of 14 and they, my you have to then obviously get money from school fees. So you have a lot of schools now. Trying to diversify. Because if you put all that pressure on the parents, then your parents can’t afford to send their children to your school. So it’s like, Okay, what do you do? We need to increase our fees because I need to be able to pay my teachers more. But if I throw that burden on the parents, I, as a parent know that I can’t even afford that, you know, per term for every child that I’ve got some parents of 2, 3, 4 children, and they need to bring your children so what do you do you end up subsidizing? That’s when you have schools that have maybe a little Market Garden, you know, where you commercialize your kitchen and you start baking. You know, when you’re not making lunch for the kids, you’re selling food on the side…

    Full show notes at the publisher

    BUC Live: Digital Scarcity - Will Central Banks Be Obsolete Within This Century? Mar 12, 2020
    Show notes

    This is a live recording of a panel discussion at the “Value of Bitcoin Symposium” in Vienna, March 5th 2020. We discussed the advantages and disadvantages of digital scarcity and a hard capped supply versus fiat money, the impact of new players in the money game like Facebook’s Libra, the topic of central bank digital currencies and how that all relates to bitcoin. Participants were Rahim Taghizadegan – Austrian economist, Arthur Stadler – lawyer with blockchain expertise, Beat Weber – Austrian Central Bank and Aurel Schubert – former director general at the European Central Bank.

    Please, excuse the low audio quality.

    Topics:

    • Where do you see bitcoin in relation to central banking?
    • Concept of digital scarcity and a hard capped supply vs. fiat money with controlled expanding and contracting of the supply.
    • Maintaining the stable value of FIAT money vs. bitcoin volatility
    • Impact of new players like Facebook’s Libra and other corporate money
    • Thought experiment on Central Banks buying bitcoin
    • Aurel Schuberts book and learnings from “The Credit-Anstalt Crisis of 1931”
    • CBDCs – Central bank digital currencies

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    Der Beitrag BUC Live: Digital Scarcity – Will Central Banks Be Obsolete Within This Century? erschien zuerst auf The Anita Posch Show.


    Connie Gallippi: A Pioneer Bridging the Gap Between the Non-Profit Space and Bitcoin Mar 05, 2020
    Show notes

    Connie Gallippi is the Founder and Executive Director of BitGive. In May 2013, she founded BitGive, the first government recognized Bitcoin 501(c)(3) nonprofit and pioneer organization leveraging Bitcoin and Blockchain technology via practical applications for humanitarian work in the developing world. Under her leadership, BitGive has built a positive philanthropic representative organization for the Bitcoin and Blockchain industry, bridging the gap between an innovative technology and its practical applications for nonprofits and humanitarian work in the developing world. BitGive has established strong partnerships and raised funds with well-known nonprofits including Save the Children, The Water Project, TECHO, Medic Mobile, and more.

    Connie is a well-known industry spokesperson for the social impact of Bitcoin and advocating for more diversity and equal opportunity in the digital currency community. She speaks internationally on the social impact of Bitcoin and Blockchain.

    “This technology has the most potential in developing economies.” – Connie Gallippi

    We talk about:

    • GiveTrack peer-to-peer donating
    • How Bitcoin helps the non profit sector
    • Uphold converting everything to Bitcoin
    • Ecosystem has a long way to go
    • How they vet projects
    • Obstacles to get funds
    • Project in Kenya
    • Dealing with regulations as a non-profit
    • Understanding the needs of other places
    • Alakanani Itereleng, Founder of Satoshicentre in Botswana

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    Other relevant episodes

    The Petro Is a Scam and Bitcoin Is the Only Way to Send Money to Venezuela

    Locha Mesh: Chat and Send Bitcoin Anonymously Without Internet

    Richard Myers: About Bitcoin Without Internet and the Importance of Financial Freedom

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    Der Beitrag Connie Gallippi: A Pioneer Bridging the Gap Between the Non-Profit Space and Bitcoin erschien zuerst auf The Anita Posch Show.


    Randy Brito: How People Are Using Bitcoin in Venezuela Feb 26, 2020
    Show notes

    Randy Brito is the founder of bitcoinvenezuela.com and the CEO of Locha Mesh. In 2012 he started publishing educational material about Bitcoin in Spanish and translated the interface of the Electrum Wallet. We are talking about the economical situation in Venezuela, how authorities extorted miners in 2015 and how people are using bitcoin today.

    We talk about:

    • Started bitcoinvenezuela.com in 2012
    • Economical situation Venezuela
    • Spanish translator for electrum wallet 2012
    • Bitcoin is used to get money in and out of Venezuela
    • Most liquid currency in Venezuela in the moment
    • How people buy online in the US and get delivered to the border
    • ~ 300.000 people use bitcoin
    • People fled Venezuela with their families with the help of bitcoin
    • 2015 authorities extorted miners
    • Origin of the Petro
    • Seized mining devices are used by the government

    Sponsors

    Card Wallet - the safest cold storage solution

    Order a Card Wallet here and get 20% off! (time-limited)

    Other relevant episodes

    The Petro Is a Scam and Bitcoin Is the Only Way to Send Money to Venezuela

    Locha Mesh: Chat and Send Bitcoin Anonymously Without Internet

    Richard Myers: About Bitcoin Without Internet and the Importance of Financial Freedom

    Support the podcast

    • Share the podcast with friends and family!
    • Subscribe to my newsletter
    • Subscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed
    • Give a 5 stars recommendation on Apple Podcast
    • Follow me on Twitter | YouTube | LinkedIn

    Donations

    Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better.

    Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you.

    Donate with PayPal Donate with BTC Donate with Lightning

    Der Beitrag Randy Brito: How People Are Using Bitcoin in Venezuela erschien zuerst auf The Anita Posch Show.


    Pascal Huegli: The Problem With Today’s Banking and Monetary Colonialism Feb 19, 2020
    Show notes

    Pascal Hügli is a journalist working with financialmedia AG. He focuses on the topic of finance and economics. As such he considers himself as a life-long student trying to get a real understanding of the world. He’s the author of “Ignore at your own risk: the new decentralized world of Bitcoin and Blockchain”. He is also a lecturer at HWZ and moderates as well as debates in public.

    We talk about:

    • Bitcoin is a social phenomenon
    • Problem with banking
    • Credit expansion and the next crisis
    • Bitcoin’s capped supply
    • Financial oppression is growing
    • Bitcoin as a check
    • Human mankind’s mind is maybe not made for bitcoin
    • Facebooks Libra is Fiat 2.0
    • Monetary colonialism
    • Tokenization and local currencies
    • Can Stablecoins be stable?
    • Central Bank Digital Currencies
    • MMT Modern Monetary Theory

    Sponsors

    Card Wallet - the safest cold storage solution

    Order a Card Wallet here and get 20% off! (time-limited)

    Other relevant episodes

    Philipp E. Dettwiler: Merging Traditional Banking With Bitcoin and Digital Assets

    Juraj Bednar: Using Bitcoin Is like a Filter for People with an Open Mind

    BUC Live: The Fight Against Money Laundering with Cryptocurrencies

    Support the podcast

    • Share the podcast with friends and family!
    • Subscribe to my newsletter
    • Subscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed
    • Give a 5 stars recommendation on Apple Podcast
    • Follow me on Twitter | YouTube | LinkedIn

    Donations

    Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better.

    Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you.

    Donate with PayPal Donate with BTC Donate with Lightning

    Der Beitrag Pascal Huegli: The Problem With Today’s Banking and Monetary Colonialism erschien zuerst auf The Anita Posch Show.


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